Los Ayllus De San Jeronimo Group

These members belong to the Communal Bank “Los Ayllus de San Jeronimo”, which is in the District of San Jeronimo, Province and Department of Cusco.

Sra. Rosa is one of the members. She is 40 years old, married, and has four children. Rosa works at her business of selling potatoes and corn. She sells these products at the market and has a vending stall where she works from 7:00 A.M. to 6:00 P.M. Rosa has been in business for five years and is doing very well. In her free time, she enjoys preparing desserts. Rosa’s dream is to have a shop where she can sell potatoes and corn. She is requesting a loan in order to buy potatoes and corn.

The smaller attached photo was taken afterwards because those two members requested permission to be absent for work reasons. The group members engage in businesses such as selling books, selling beauty products, managing a grocery store, and selling clothes.

Rosa is grateful to those who helped to fulfill part of her dream, so she promises to complete her payments according to the established terms.

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.